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Long-term unemployment is also dangerous for the economy as a whole. One quarter of the long-term unemployed permanently leave the workforce, a recent study by the Congressional Budget Office found, producing increased loss of output in the economy. Long-term unemployment burdens social services, diminishes spending levels in the economy and drains overall savings. It can also affect unemployment among young, first-time job-seekers. "Long-term unemployment is debilitating for people trying to find jobs in the first place," says Professor James K. Galbraith of the University of Texas at Austin. The more long term unemployed there...

Author: /time Magazine | Title: Unemployment Dips, but Long-Term Joblessness Remains a Concern | 8/7/2009 | See Source »

...driving force is China, whose gangbusters economy requires ever more energy. Beijing says it wants to lift nuclear-generated power from its current 11 gigawatts to 86 gigawatts by 2020 - an increase equivalent to France's current total output. China is already adding 14 reactors to the 11 it operates, including three third-generation installations supplied by Areva and Westinghouse. And it won't stop there: Beijing has signed on for an additional 35 plants to be built over the next decade, and is studying a further 80. (See pictures of China's wild side...

Author: /time Magazine | Title: Areva's Field of Dreams | 8/5/2009 | See Source »

...traditional-bulb-shaped LEDs that last five to 10 times as long as CFLs, contain no mercury and use far less energy. These amazing new lights also come with a flashing-neon price tag: $50 for Lemnis Lighting's Pharox, which uses 6 watts of power to match the output of a 60-watt incandescent...

Author: /time Magazine | Title: Better Bulbs | 8/3/2009 | See Source »

...trade fueled Mali's empires as well as a rich ethnic blend of black Africans and Mediterranean people, and an intellectual ferment with dozens of Koranic schools. Refugees from the Inquisition in Spain brought their libraries with them, and soon began writing and buying more books. Timbuktu's literary output was enormous, and included works covering the history of Africa and southern Europe, religion, mathematics, medicine and law. There were manuscripts detailing the movement of the stars, possible cures for malaria and remedies for menstrual pain. "I have here my family's whole history," says Ismael Diadié Haidara, whose...

Author: /time Magazine | Title: Lost Treasures of Timbuktu | 7/30/2009 | See Source »

...threat facing Nigeria. The country is one of Africa's biggest oil exporters, and yet some 70% of its people live in abject poverty. A string of devastating attacks by militants demanding a greater share of the oil wealth in the Niger Delta, in the south, has reduced oil output by a third, hitting government revenues. This week's fighting will add to the sense that the government is losing control. "The government is no longer in control of the security situation outside the main cities," says a senior U.S. diplomat in Abuja. "You can't drive in the countryside...

Author: /time Magazine | Title: 'Nigeria's Taliban': How Big a Threat? | 7/30/2009 | See Source »

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